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TG Metals Ltd. ( (AU:TG6) ) just unveiled an update.
TG Metals has corrected an earlier statement and confirmed that a key drilling intercept at its Van Uden Gold Project south of the existing mineral resource was 11 metres at 1.90 grams per tonne of gold from 65 metres, higher than first reported. Recent reverse circulation drilling has identified multiple new gold zones up to 550 metres south along strike of the current Van Uden deposit, extending the defined gold mineralisation to more than 3 kilometres within an overall 7-kilometre mineralised corridor. With high-grade intercepts and assays still pending for 76 additional holes, and drilling scheduled to resume within two weeks, the campaign has the potential to materially increase the project’s existing resource base and strengthen TG Metals’ exploration position in the region.
The most recent analyst rating on (AU:TG6) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on TG Metals Ltd. stock, see the AU:TG6 Stock Forecast page.
More about TG Metals Ltd.
TG Metals Ltd is an Australian exploration company focused on gold, with its flagship Van Uden Gold Project in Western Australia. The company is advancing mineral resources along a growing strike length defined by drilling and surface geochemistry, targeting large-scale gold mineralisation.
Average Trading Volume: 228,302
Technical Sentiment Signal: Buy
Current Market Cap: A$25.31M
See more insights into TG6 stock on TipRanks’ Stock Analysis page.